LEB_B_Consumer Protection

Puffing is a term used to describe exaggerated

• sales talk
• warranties
• lawsuits
• advertisements.

An express warranty is a(n):

• implied warranty for the consumer.
• warranty of title
• assurance of quality or promise of performance explicitly made by the seller
• warranty against infringement.

A consumer is an individual who acquired goods that he or she intends to use for personal, family, or ____ use.

• household
• business
• commercial
• all of the above

The Latin phrase caveat emptor means:

• no warranty allowed.
• let the seller beware.
• let the buyer beware
• none of these

A method of business that is dishonest or fraudulent or that illegally limits free competition is called _______?

• bait and switch
• strict liability
• unfair trade practice
• puffing

A  ________ is an assurance that the seller makes about the product's qualities or performance.

• warranty
• express warranty
• full warranty
• limited warrant

A _____ is a notice of exclusion.

• disclaimer
• notification
• extended
• advertisement

An express warranty may be oral or written.

• True
• False

The law requires that warranties on consumer products costing more than $15 must meet certain standards.

• True
• False

Purchasers in a home-solicitation sale have seven days to cancel such contracts.

• True
• False